It mentions both Switzerland and Ireland costing several million (USD) each and with zero revenue. Same for Bermuda as well. Makes me wonder what taxes they are trying to avoid
Then they keep mentioning the reduction in the workforce as well as the support staff and the selling of assets but keeping the high salaries for the president and Board of Directors.
It seems to me like they are trying to run a big ship (in shallow water) with about 10 captains arguing and one poor crew member trying to do the work. Then when the crew member is exhausted and makes a slight miscalculation that puts them off course, the 10 captains agree the single crew member needs to pay the fines for going off course .
Also, the comments on here where Weatherford had bought up many successful small companies and then ran them into the ground are very telling